Through HIP-3, Hyperliquid enables independent builders to construct markets that tap into the exchange\u2019s existing architecture and liquidity. This has made it possible for venues to build tokenized stocks and even \u201cpre-markets\u201d for stocks that have yet to conduct an initial public offering.<\/p>\n
Ventuals is one such exchange that allows users to trade pre-markets for popular companies such as OpenAI and SpaceX.<\/p>\n
Trading under the SPACEX-USDH pair on Hyperliquid, the pair reflects what traders believe is a fair valuation of Elon Musk\u2019s company before it went public, and it has allowed speculation for a long time now, regularly attracting $2.9 million in open interest and over $5 million in 24-hour volume.<\/p>\n
Yesterday, the market flash-crashed by a whopping 45%, dropping from around $2,200 to $1,200, triggering the liquidation of more than $1.5 million in leveraged long positions held by hundreds of traders.<\/p>\n
<\/a>Source: Hyperliquid<\/p>\n Ventuals, the provider for this particular market, gave an explanation<\/a> on their official X account and hinted at compensation:<\/p>\n The offchain data provider used as a component of the oracle price returned incorrect data, which caused the market\u2019s oracle and mark price to move dramatically. This led to the liquidation of some user positions.<\/p>\n We have taken immediate steps to prevent this form happening again on any of the pre-IPO markets, and are evaluating the impact it had on affected users for appropriate compensation.<\/p>\n The post SpaceX Pre-IPO Market Flash-Crashes 45% on Hyperliquid<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Through HIP-3, Hyperliquid enables independent builders to construct markets that tap into the exchange\u2019s existing architecture and liquidity. This has made it possible for venues to build tokenized stocks and even \u201cpre-markets\u201d for stocks that have yet to conduct an initial public offering. Ventuals is one such exchange that allows users to trade pre-markets for […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-172202","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/172202"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=172202"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/172202\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=172202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=172202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=172202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Source: Hyperliquid<\/p>\nVentuals, the provider for this particular market, gave an explanation<\/a> on their official X account and hinted at compensation:<\/p>\nThe offchain data provider used as a component of the oracle price returned incorrect data, which caused the market\u2019s oracle and mark price to move dramatically. This led to the liquidation of some user positions.<\/p>\nWe have taken immediate steps to prevent this form happening again on any of the pre-IPO markets, and are evaluating the impact it had on affected users for appropriate compensation.<\/p>\nThe post SpaceX Pre-IPO Market Flash-Crashes 45% on Hyperliquid<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Through HIP-3, Hyperliquid enables independent builders to construct markets that tap into the exchange\u2019s existing architecture and liquidity. This has made it possible for venues to build tokenized stocks and even \u201cpre-markets\u201d for stocks that have yet to conduct an initial public offering. Ventuals is one such exchange that allows users to trade pre-markets for […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-172202","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/172202"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=172202"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/172202\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=172202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=172202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=172202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-29-090342.png\"){kind=link}